According to the current analysis of Reports and Data, the Bulk Food Ingredients Market was valued at USD 459.9 Million in 2020 and is expected to reach USD 635.3 Million by the year 2028, at a CAGR of 4.1%. The increased demand for snacks & spreads, ready meals, and infant formulas because of changing consumer preferences and rapid urbanization has accelerated the bulk food ingredients market. The high growth potential in emerging markets and unexplored regions provide new growth opportunities for market player’s food application accounted for the largest market share in the bulk ingredients market, followed by beverages. The rising demand of the bakery products market is simultaneously driving the market bulk ingredients market whereas the ready to eat meals segment is projected to grow at the highest rate during the forecast period. The demand for ready meals is expected to rise due to changing dietary patterns of consumers due to altering consumer lifestyles.
Based on type, the
secondary processed bulk food ingredients market was covered by the processed
grains, pulses, and cereals segment, followed by the oil segment in
2015. Processed grains, pulses, and cereals are the key
ingredients utilized in various cuisines across the globe. The
increasing health awareness among consumers has led to an increased demand for
food products, which are rich in fiber and protein content. This has led
to a rise in demand for whole-grain food
products like ready to eat breakfast products and baked
products. However, factors like lack of infrastructure facilities and simple
bacterial contamination of bulk food ingredients are suspected to hinder the
market growth. Though the costs of bulk food ingredients are highly
unpredictable and vary across different regions, the market is anticipated to
grow at a higher rate.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Bulk Food
Ingredients market along with global position, financial standing, license
agreement, products and services portfolio and revenue contribution of each
market player. Key players in the market are focusing on adopting various
strategies such as mergers and acquisition, business expansion plans, new
product launches, partnerships, collaborations, joint ventures to enhance their
product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
· E.I.
du Pont de Nemours and Company (U.S.),
· Archer
Daniels Midland Company (U.S.),
· Tate
& Lyle PLC (U.K.),
· Olam
International (Singapore),
· Cargill
Incorporated (U.S.).
· Ingredion
Incorporated (U.S.),
· Associated
British Foods plc (U.K.),
· EHL
Ingredients (U.K.),
· DMH
Ingredients (U.S.),
· Community
Foods Limited (U.K.).
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Bulk Food Ingredients Market Segmentation based on
Types:
- Primary
processed bulk food ingredients
- Nuts
- Oilseeds
- Grains,
pulses, and cereals
- Herbs &
spices
- Sugar
- Tea, coffee,
and cocoa
- Salt
- Others
(dried vegetables and citric acid)
- Secondary
processed bulk food ingredients:
- Dried fruits
& processed nuts
- Vegetable
oil
- Processed
herbs & spices
- Processed grains,
pulses, and cereals
- Sugar &
sweeteners
- Tea, coffee,
and cocoa
- Flours
- Sea Salt
- Others
(dried vegetables and citric acid)
Bulk Food Ingredients Market Segmentation based on
Application:
- Secondary
processed bulk food ingredients
- Food
- Bakery
products
- Confectionery
products
- Snacks
& spreads
- Ready meals
- Others
(infant formulas and dairy products)
- Beverages
- Alcoholic
beverages
- Non-alcoholic
beverages
Bulk Food Ingredients Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key
Features of the global Bulk Food Ingredients Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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Browse
for More Details:
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& Fragrances Market: https://www.reportsanddata.com/report-detail/flavors-and-fragrances-market
Pulse
Flour Market: https://www.reportsanddata.com/report-detail/pulse-flour-market
Beverage
Stabilizers Market: https://www.reportsanddata.com/report-detail/beverage-stabilizers-market
Cultured
Meat Market: https://www.reportsanddata.com/report-detail/cultured-meat-market
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